Deaton Says Ripple IPO Could Trigger $100B Valuation, How High Will The XRP Price Be?
Ripple's potential Initial Public Offering (IPO) is increasingly likely as the company nears resolution of its SEC lawsuit. Lawyer John Deaton estimates Ripple's valuation could exceed $100 billion, especially following Circle's successful IPO, which boosted its valuation from $5 billion to over $63 billion. Deaton argues that Ripple, currently the 4th-largest cryptocurrency, could achieve a similar or greater valuation due to its market position. Ripple's recent $700 million tender offer values the company at $25 billion with 141 million outstanding shares. Market experts suggest that a successful IPO could significantly increase XRP's price, with predictions ranging from over $10 to as high as $100, reflecting a strong correlation between Ripple's stock and XRP's value.
